Taiwan’s agriculture heads for prime opportunities in the heart of South Asia: India

TAIPEI,
TAIWAN - Media OutReach - 14 May
2019 - The Council of Agriculture, Executive Yuan (COA) will be leading six
agricultural firms to exhibit in TAIWAN EXPO 2019 in India held at Pragati
Maidan International Exhibition Center from May 16 to May 18. The flourishing
agricultural demand in India has strong appeal to Taiwan's agricultural
expertise in seeds and seedling, breeding resources, planting, field
management, post harvest technology and auxiliary machinery. COA will bolster
the competency of Taiwan's agritech and agri products and bring more agricultural
exchanges for southbound opportunities.

Agriculture
plays a pivotal role in India's national economy. The sector accounts for 18%
of the country's GDP, workforce for 58% of the national workforce, and 150
million hectares agricultural land for 48% of the country's land area which
ranks first in Asia, while the production of staple food like rice with 2.4
t/ha accounts for only 1/2 of Taiwan's national rice yield. The relatively high
interest in Taiwan's farming technology makes India a potential market to
explore.

Taiwan's advanced agritech enjoys a high
reputation internationally. Some ASEAN countries with high GDP are impressed
with Taiwan's farming technology, making them another potential markets for
scouting. Back in 2017 and 2018, COA was invited by TAITRA leading 33 suppliers
to exhibit in Indonesia, Philippines, Thailand and Malaysia and signing 21
collaborations with local agents, distributors and overseas branches. This
year, COA will lead teams again to exhibit in Indonesia in September to seek
more southbound opportunities.